Parents' Guide

'Double Your Money': Talking to Kids About Get-Rich-Quick Scams

Get-rich-quick schemes target teens on social media with flashy lifestyles, rented luxury and promises of guaranteed returns.

Warning signs: 'guaranteed', 'double your money', secret strategies, countdowns, fake celebrity endorsements and fees to withdraw.

Ask the panel's questions: how does it work, who checks it, can I take my money out?

A boring savings account is still there next week.

The rule from the episode: guaranteed money? Guaranteed scam.

The rule: Guaranteed money? Guaranteed scam.